Online trading in South Africa has grown rapidly.
And online trading has become a promising type of business for traders in the financial sector.
But many new traders do not have enough knowledge about how to start trading online.
This page is a shortcut to the entire content for a beginner’s guide.
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Forex market is the biggest market in the world, with high liquidity make all trader having the opportunity to buy and sell currency to make money.
Market forex simultaneously opens 24 hours 5 days a week, this is different with stocks market which limited time with working hours, forex is most liquid, it:s mean the price change in a given time, this is great opportunity for many speculators which having most higher volume trading in the market.
Before you start trading, whether on a demo account or a real account, getting to know how many order types in forex also need to be part of learning about the forex business.
Broadly speaking, orders are divided into market orders and pending orders, but there are rarely used terms that sound strange but are real, learn more here.
Improving your experience using a demo account will provide many valuable lessons before you start with a real account.
Learn more about how to trade a demo account to achieve your success, apply your strategy with a risk-free, learn to manage your capital to increase your portfolio.
If you have already learned about forex, then learning about forex market hours will also provide important information for you to trade.
Forex market hours clock is divided into four market sessions that open and close continuously.
When the Asian session closes before that the London session has opened, and before the London session closes the New York session has opened, and finally, the Sydney session and this clock continues to repeat for 5 days a week.
Learn more about forex market hours to find out the best sessions and the best pairs for each session.
Forex market is a market that is open 24 hours five days a week, but not all market days and sessions are the best time for trading.
Learn which market sessions provide the best opportunities for trading, and on what day is the best time.
Who trades in this large forex market? the government, the central bank to retail traders like us are part of the forex market participants.
Who has the most influence on currency changes, learn more here
Maybe for beginners still curious about how to trade forex? Simply put, forex trading is buying and selling currencies using other currencies.
There are many currency pairs that are traded on the forex market, learn more to get an idea of how to trade forex here.
Learn what are the major currencies, minor currencies, how to get profits, and strange terms that are not yet known by beginners.
CFD is a Contract for Difference, which allows you to buy or sell an asset but you don’t actually buy the asset in real form.
To trade CFDs, you choose the best CFD broker for profitable convenience.
CFD investment giving an opportunity to make a profit from the commodity market.
TenkoFX offers CFD and forex trading and crypto trading. with ECN type broker with real access to the interbank market.
South Africa is a new market for the development of online cryptocurrency trading.
There is no Cryptocurrency South Africa tax information yet for traders, this great opportunity to make money with a crypto asset.
TenkoFX provides Crypto trading services with a leverage of 1: 3 and an initial capital opportunity of only 10 $.
When traders trade online, learning how to read a chart is very important, because by understanding the concept of how to read this chart the trader will know the information obtained from the read a candlestick chart, line chart or bar chart.
This is the first lesson as basic education of a trader when going to start an online business trading CFD, forex or crypto trading.
TenkoFX uses the Metatrader 4 platform, and you are free to choose to use candlestick charts, line charts or bar charts.
When trading online, a trader needs a trading platform.
The Metatrader platform is a software that in practice many brokers use this platform.
There are several types of trading platforms and developers.
There are Metatrader 4 platforms for forex trading, MetaTrader 5, Metatrader web platform.
The most widely used platform is Metatrader 4 trading platform, and currently under development is the Metatrader 5 trading platform.
Both now support mobile platforms.
Supported by Metatrader 4, the Tenkofx platform provides traders with access to online trading according to your needs.
With the existence of several types of trading platforms, they have advantages and disadvantages to each.
By studying CFD trading platform comparison, at least you will understand which platform has more value and is suitable for trading.
Web trader, is a no complex platform, you can directly visit the web trader’s address and log in via your favorite browser, but with limited features.
Metatrader 4 you need to download a platform that supports Windows or Mac, adjusting your computer’s operating system.
Pip definition in forex is the smallest unit in which represents changes in currency prices in forex.
How to calculate pip in forex using a certain formula, but in trading, you don’t need to calculate it manually because it will automatically be calculated via the trading platform.
How much is 1 pip depending on the size of the position and the contract value.
What is leverage forex?
Leverage finance definition is the ratio between trader’s funds to the number of funds needed to open a position.
This leverage is provided by a financial broker and allows clients to complete transactions with an amount greater than the trader’s personal funds.
What is the leverage ratio is usually written by 1:1, 1:100, 1:200, 1:400, 1:500, 1:1000, it will be depending broker as leverage provider, higher leverage will higher profit possibility but also the risk too.
The free paper trading simulator gives you risk-free trading, without using real money but only using virtual money.
With the paper trading platform, you can practice buying and selling trading instruments without worrying about losing money.
You can do a free trial before depositing money into a real trading account.
Before starting with a live account, you suggested to utilize forex paper trading with TenkoFX, synonym paper trading is demo account.
Technical analysis is a price analysis approach that studies market activity using historical price data.
Including price charts, which have occurred in the past, to predict and anticipate future price movements.
Technical analysis learning is one way to get online trading profits.
Learning technical analysis is very important as a basis for understanding market conditions.
Historical data used in technical analysis include information on opening, closing, highest, lowest, and trading volume information.
Short selling definition according to Wikipedia is a term used in the financial world, is a way to obtain profits from falling prices from security such as stocks or bonds. As opposed to “short” this is “long”, which is a strategy used if the price is expected to increase.
Short selling is a method used in stock selling where investors/traders borrow funds (on margin) to sell shares (not yet owned) at high prices in the hope that they will repurchase and return shares to their broker at the time the stock goes down.